Memphis North Carolina Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Memphis, Updated October 2024
Rent Your Vacation Home or Condo in Memphis, North Carolina
As one of the most popular vacation destinations in the United States, Memphis offers a wide variety of attractions and things to do for visitors. With many amenities and accommodations for travelers, Memphis is a great place to spend a short-term or long-term vacation. The positive aspects of renting out your Memphis home as a short-term rental include: The lack of maintenance and upkeep required. There are no lawns to mow, no flowers to plant, no paint to touch up, no carpets to vacuum, etc. All you need to do is show up! If you're looking for a quick cash injection or an investment that yields steady returns, short-term rentals in Memphis can be a great option. The growing popularity of Airbnb has made it easier than ever for homeowners to rent their homes - and earn some extra income while they're at it!
When partnering with RedAwning for your property management needs, we can make sure your Memphis rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Memphis
During the month of November, Memphis and areas including , and 38103 are projected to generate over $157/night for a 2 bedroom vacation rental, on average! There were 1,953 vacation active rental properties in Memphis. 1,800 are renting the entire place, and 153 are shared rooms. On average, during the month of November 2023, each vacation rental property in Memphis is booked 52% of the time, and most hosts are projected to generate $1,958 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$157.00 Per Night*
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52% Occupied*
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$1,958.00 Per Month*
* Based on the median average of all vacation rentals in the Memphis area.
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Get a free estimate for your home or condo.
Vacation Rentals in Memphis are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.
Successful short-term vacation rentals in Memphis, North Carolina
Positive vacation rental trends in Memphis, North Carolina when you considering renting out your Memphis home as a short-term rental have been well documented by the industry experts over the past decade. There are several reasons for this. One is that Memphis has a very large population and a highly diverse economy, which means there is always a need for lodging. Another reason is that the area has been experiencing an increased demand for short-term rentals in recent years. Finally, there are also more affordable options available today than ever before. These factors have created a booming market for short-term rentals in Memphis, North Carolina that can now offer a wide range of properties for rent, from luxury villas to cozy cabins to charming cottages and even townhouses. Whether you want to invest in real estate as an investment or simply make extra money on the side, there are many viable options available today. With so much demand and competition, it’s important to be prepared and know what you’re looking for before making any decisions. Here are some things to consider when searching for the right property:
Positive vacation rental trends in Memphis, North Carolina include: * Vacation rentals are experiencing a rise in popularity. It’s no surprise, considering the convenience of short-term rentals and the affordability of renting out your house while you’re away. There are hosts who want to earn extra money by renting their homes out for short periods of time. They might also be tackling some renovation projects or preparing their homes for sale. Also, visitors are increasingly drawn to vacation rentals because they offer an affordable alternative to hotels. They can sleep in a comfortable bed in a clean space, which is perfect if they’re traveling on a budget.
RedAwning takes the guess-work out of Memphis property management, and we work with you to ensure your Memphis short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Memphis vacation rental could earn:
Revenue Projections for Vacation Rentals in Memphis, North Carolina during December, 2023
Based on a 2 bedroom, which is the most common Memphis vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in December. Higher bars below can command higher prices, if your Memphis vacation rental is available during these days.
$17387%1st
$17286%2nd
$13677%3rd
$12875%4th
$12674%5th
$12774%6th
$12974%7th
$14875%8th
$14975%9th
$13073%10th
$12873%11th
$12873%12th
$12873%13th
$13174%14th
$15075%15th
$15175%16th
$13174%17th
$12773%18th
$12873%19th
$13073%20th
$13475%21st
$16075%22nd
$16476%23rd
$15276%24th
$15076%25th
$15077%26th
$14877%27th
$15078%28th
$16677%29th
$16876%30th
$15875%31st
Average Daily Price & Percent Occupied Next Month In Memphis
Note: These averages are based on a 2 bedroom home in Memphis. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
Interested in learning how you can maximize your vacation rental revenue in Memphis, North Carolina?
If you are a speculative home buyer or have another home in North Carolina, check out our other North Carolina Vacation Rental Management reports in Asheville, Charlotte, Hendersonville, Raleigh, Durham, Greensboro, Salem, Winston, Alexander, Aberdeen, Pinehurst, Southern Pines, Corolla, Sylva, Nags Head, Hatteras, Raleigh Durham, Holden Beach, Calabash, Carolina Beach, Kure Beach, Sugar Mountain, Blowing Rock, Frisco, Avon, Bryson City, Banner Elk, Buxton, Fayetteville, Whittier, Carolia Beach, Waynesville, Ronda, Boone, Kitty Hawk, Lenoir, Greenville, Topton, Maggie Valley, Supply, Carthage, Robbinsville, Holly Springs, Hampstead, Statesville, Lake Park, Manteo, Murphy, Winston Salem, Jacksonville, Woodfin, Hope Mills, Oak Island, Ocean Isl Bch, High Point, Burlington, Green Level, Pks, Emerald Isle, Surf City, Lake Lure, Unionville, Sapphire, Elkin, Aquone, Kingstown, Harrisburg, Gastonia, Sugar Grove, Wilmington, Beech Mountain, Franklin, Mount Airy, Moncure, Morganton, Spring Lake, Boiling Spring Lakes, Fuquay Varina, Wake Forest, Highlands, Ferguson, Hayesville, Boomer, Cornelius, and Candler, North Carolina or view all of our vacation rental market reports
